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Unformatted text preview: violation of the position of financial trust, and are able to apply their own conduct in that situation verbalizations which enable them to adjust their conceptions of themselves as trusted persons with their conceptions of themselves as users of the entrusted funds or property. (Wells, 2011) This hypothesis has become better known as the fraud triangle. Each side represents what is involved when committing fraud: (1) Perceived non-shareable financial need, (2) Perceived opportunity, and (3) Rationalization....
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This note was uploaded on 02/29/2012 for the course ACCOUNTING 341 taught by Professor Kamradt during the Spring '10 term at Franklin.
- Spring '10